Sweden: Inflation comes in at highest level in 23 years in December
Consumer prices with a fixed interest rate (CPIF) rose 1.29% over the previous month in December, accelerating from November’s 0.48% rise. December’s figure marked the highest reading since January 1993. The pick-up was broad-based, with greater price pressures recorded for housing and utilities, transportation, and food and non-alcoholic beverages.
CPIF inflation in annual terms rose to 4.1% in December, following November’s 3.6%. December’s figure marked the highest inflation rate since December 1993. Meanwhile, the trend pointed up, with annual average inflation coming in at 2.4% in December (November: 2.1%).